Asked by
Carson Holgate
on Oct 16, 2024Verified
The price of one currency stated in terms of another currency is called a(n) :
A) Foreign exchange rate.
B) Currency transaction.
C) Historical exchange rate.
D) International conversion rate.
E) Currency rate.
Foreign Exchange Rate
The worth of one currency in relation to another for conversion purposes, establishing the rate at which one currency can be exchanged for another.
Currency Transaction
A financial transaction that involves the exchange of one currency for another, either at a bank, exchange bureau, or as part of a larger financial transaction.
Historical Exchange Rate
The rate at which one currency was exchanged for another in the past, used for comparison or accounting purposes.
- Compute and comprehend the impact of exchange rates on financial dealings.
Verified Answer
MT
Learning Objectives
- Compute and comprehend the impact of exchange rates on financial dealings.